Future Builders School on Thomas Pond FY2020 filing

Raymond, MEUnknown exempt organizationEIN 01-0540427Revenue $640K in FY2020

On file with the IRSfuturebuildersschool.comPo Box 272 · Raymond, ME

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Alternative education program for students with special needs. Serves students in grades 7 to 12, and is certified as a private school by the Maine Department of Education.

100¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $37K a year · 12% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $47
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$94K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$640K
Spent
$676K
To programs
100%
Net assets
$61K
By yearFY2020–FY2021
Revenue
$640K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$640K
FY2021$0
Expenses
$676K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$676K
FY2021$37K
Net assets
$61K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$61K
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $676K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$82,308Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Patrick a Young$24,250$82,308

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Provides alternative education for special needs students in grades 7-12.

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Provided by the organization

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1 program · $676K · in their own filed words · FY2019
01

Combination of process and content learning strategies facilitates more effective behavior change because content taught is related to activities that are relevant and motivating.The organization employs an experiential, hands-on approach to teach academic, employment, and personal-social competencies in the context of real-world themes…

$676Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$47

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$640K
Ln 12
Gifts and grantsLn 1h$640K
Money outPt IX
$676K
Ln 25
Programscol B$676K
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$155K
LiabilitiesLn 26$94K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$640K
Government grantsLn 1e$636K
Total revenueLn 12$640K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$53K
Total assetsLn 16$155K
LiabilitiesLn 26$94K
Net assetsLn 32$61K
OperationsPt I, VI
EmployeesI 59
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$67K$102K
Land, buildings, equipmentLn 10c$88K$53K
Total assetsLn 16$159K$155K
LiabilitiesLn 26$62K$94K
Net assetsLn 32$97K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$65K$65K
Pay of disqualified personsLn 6$44K$44K
Other salaries and wagesLn 7$301K$301K
Pension plan contributionsLn 8$9K$9K
Other employee benefitsLn 9$42K$42K
Payroll taxesLn 10$29K$29K
Legal feesLn 11b$600$600
Accounting feesLn 11c$8K$8K
Office expensesLn 13$6K$6K
Information technologyLn 14$2K$2K
OccupancyLn 16$85K$85K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$382$382
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$52K$52K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$676K$676K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $0$37K−$37K$0 990 PDF
FY2020 Viewing $640K$676K−$36K$61K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $639,831 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $486,515$639,831
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $486,515$639,831
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $6,000$0
I-15 Salaries and benefitsPrior year $371,859$489,627
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,404$186,695
I-18 Total expensesPrior year $495,263$676,322
I-19 Revenue less expensesPrior year −$8,748−$36,491
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $639,831 across 4 lines filed
VIII-1e Government grants$635,541
VIII-1f All other contributions, gifts and grants$4,290
VIII-1h Total contributions, gifts and grants$639,831
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$639,831
Part IX · Statement of functional expenses $676,322 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $64,808$64,808
IX-6 Pay of disqualified personsPrograms $44,093$44,093
IX-7 Other salaries and wagesPrograms $300,752$300,752
IX-8 Pension plan contributionsPrograms $9,182$9,182
IX-9 Other employee benefitsPrograms $42,239$42,239
IX-10 Payroll taxesPrograms $28,553$28,553
IX-11b Legal feesPrograms $600$600
IX-11c Accounting feesPrograms $7,532$7,532
IX-13 Office expensesPrograms $6,252$6,252
IX-14 Information technologyPrograms $2,320$2,320
IX-16 OccupancyPrograms $84,656$84,656
IX-19 Conferences, conventions and meetingsPrograms $4,250$4,250
IX-20 InterestPrograms $382$382
IX-22 Depreciation, depletion and amortizationPrograms $8,650$8,650
IX-23 InsurancePrograms $11,745$11,745
IX-24 Other expenses (24a–d)Programs $52,308$52,308
IX-24e All other expensesPrograms $8,000$8,000
IX-25 Total functional expensesPrograms $676,322 · Management $0 · Fundraising $0$676,322
Part X · Balance sheet $154,781 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $67,476$101,530
X-10c Land, buildings and equipment, netStart of year $88,216$53,251
X-16 Total assetsStart of year $158,825$154,781
X-17 Accounts payable and accrued expenses$18,100
X-26 Total liabilitiesStart of year $61,784$94,231
X-27 Net assets without donor restrictionsStart of year $97,041$60,550
X-32 Total net assets or fund balancesStart of year $97,041$60,550
X-33 Total liabilities and net assetsStart of year $158,825$154,781
Part XI · Reconciliation of net assets $60,550 net assets at year end
XI-1 Total revenue$639,831
XI-2 Total expenses$676,322
XI-3 Revenue less expenses−$36,491
XI-4 Net assets at start of year$97,041
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$60,550

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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